Vornado Realty Trust's Series L Cumulative Redeemable Preferred Shares About To Put More Money In Your Pocket

On 6/13/13, Vornado Realty Trust's 5.40% Series L Cumulative Redeemable Preferred Shares (NYSE: VNO.PRL) will trade ex-dividend, for its quarterly dividend of $0.3375, payable on 7/1/13. As a percentage of VNO.PRL's recent share price of $24.31, this dividend works out to approximately 1.39%, so look for shares of VNO.PRL to trade 1.39% lower -- all else being equal -- when VNO.PRL shares open for trading on 6/13/13. On an annualized basis, the current yield is approximately 5.50%, which compare...